The Costs Of Poor Quality Services Data
- Lack of data standards and incomplete data entry protocols
- Widespread duplication
- Poorly performing ERPs
- Poor search capability
- Unscheduled downtime
- Rogue spending
- Inability to reduce procurement costs
MDM solutions typically cover materials, customers and suppliers, but services are high count, high value spend, and far-sighted customers recognise the value in standardising and governing service requests. Similar to material masters, service masters have invariably grown over decades, with little management, control and governance, and as a result data is unstructured and inconsistent. Resultant business analytics leading to cost savings are difficult to undertake without significant data manipulation.
Infoplus MDM service master solutions provide a long-term solution. Our implementations utilise leading software, follow consistent processes and are delivered by a large team of experienced professionals. Service specifications are entered only once, and the same service code is used repetitively, as required. The outputs of the project are corporate-wide dictionary standards, consistent and compliant descriptions, and duplicate elimination. In other words, a single source of the truth. This enables efficient searching, improved reporting and data analytics, and enhanced procurement activities.